MicroStrategy CEO Reveals Bitcoin ‘End Game’

MicroStrategy CEO Michael Saylor discussed his company’s strategy around Bitcoin investments in an interview with Yahoo Finance’s Julie Hyman. As part of his ‘end game’ plan Saylor gave a detailed glimpse into the company’s long-term vision. A few days ago, it was reported that BlackRock’s Bitcoin holdings outperformed MicroStrategy’s. Following the news, MicroStrategy made new BTC purchases (probably the very next day) and moved ahead of BlackRock to become one of the largest corporate Bitcoin holders.

The CEO’s ‘end game’ strategy

Saylor stated, “Well, we think Bitcoin is the highest form of property, the apex property in the world, and it’s the best investment asset, so the end game is to acquire more Bitcoin. Whoever gets the most Bitcoin wins. There is no other end game.” That sums up MicroStrategy’s investment strategy, which prioritizes BTC accumulation over traditional assets.

Saylor vehemently opposed the idea of selling Bitcoins for a profit after exploring BTC as a unique asset class. He said, “People that use fiat currency as a store of value, there’s a name for them. We call them poor. Anybody that’s rich in the world, they own property […] The royal family of England didn’t sell all of its property in central London […] nor did the royal family of Japan, nor did the royal family in the Middle East.” According to Saylor, BTC is the digital equivalent of land or real estate as far as value retention and appreciation are concerned.

MicroStrategy back on top

On March 8, as the week was drawing to a close, Spot Bitcoin ETFs had recorded a net inflow of $223 million, indicating a substantial decrease from Thursday’s figure. The inflows had been led by BlackRock’s IBIT with a substantial inflow of $336.3 million, equivalent to over 4,900 BTC.

Consequently, this influx had propelled BlackRock’s total Bitcoin holdings to over 196,000 BTC, surpassing MicroStrategy’s holdings of 193,000 BTC. This update was notable as MicroStrategy was the largest institutional investor in Bitcoin. Moreover, BlackRock Bitcoin ETF’s dominance in Bitcoin was evident.

But on March 11th, according to data from Saylor Tracker, MicroStrategy had accumulated a total of 205,000 Bitcoins. It cost the firm around $6.95 billion since 2020 at an average price of $33,928 in 36 different dates and transactions.

The company’s BTC holdings is at a 116.45% profit, roughly $8.1 billion at the time of writing, per the data provider. Notably, MicroStrategy’s latest BTC purchase of 12,000 coins was completed on March 11th at an average price of $68,477. Per Saylor Tracker’s data, MicroStrategy’s Bitcoin holdings were then worth $15.05 billion. The Tysons Corner, Va.-based giant had spent nearly $7 billion on the digital asset as the cryptocurrency traded at an all-time high (ATH). Inching ahead of BlackRock to be one of the largest corporate BTC holders.

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